Developing countries need to develop carbon pricing methods

By Pune Media On Aug 8, 2025

Jakarta (ANTARA) – Indonesian Deputy Minister of Foreign Affairs Arif Havas Oegroseno believes that developing countries need to formulate scientific methods and approaches to calculate the price of carbon sequestration.

He made the statement while delivering the opening remarks at the symposium “Exploring the Global South: Epistemologies, Development Pathways, and Research Network,” organized by the National Research and Innovation Agency (BRIN) in Jakarta on Thursday.

Oegroseno stressed that experts, professors, and historians from developing countries should work together to establish a mutually agreed method for calculating carbon sequestration, which can then be discussed at the government level.

“Once we have our own standards, governments — both in developed and developing countries — will be able to apply them for products grown in our own countries. It should not be someone else setting the standards for us,” he remarked.

He also cited the example of blue carbon pricing. According to Oegroseno, he had consulted experts from various countries on determining the price of blue carbon sequestration, but the issue remains contentious due to differences in blue carbon components across countries.

“The problem is the same. There is no single method for calculating blue carbon sequestration or determining its price,” he said.

The Deputy Minister underlined that developing such a method is a shared challenge that requires collaboration across various aspects of climate change.

He further pointed to trade dependency as another example, noting that many developing countries are still unable to set their own price standards. For instance, he said, prices for coffee in many producing countries are still determined by external parties, showing that these countries do not fully own their products.

“I believe our country must develop its own standards because this is in our home, on our land, and it is our heritage,” Oegroseno stated.

The symposium was part of the PARETO 2025 series, an annual forum organized by the Research Organization for Governance, Economics, and Public Welfare under BRIN.

The event brought together scientists, economists, policymakers, and development practitioners from various countries in Asia, Africa, and the Middle East. It was also attended by representatives from BRICS and ASEAN member states, who shared regional perspectives on strengthening South-South solidarity and cooperation.

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